“OBAMA’S LEGACY, RETAIL THERAPY”

Posted on January 20, 2017 by

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 Today’s Quote

“The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion dollars for the first 42 presidents — number 43 added $4 trillion dollars by his lonesome, so that we now have over $9 trillion dollars of debt that we are going to have to pay back — $30,000 for every man, woman and child. That’s irresponsible. It’s unpatriotic.” – Barack Obama (July 3, 2008 At a campaign event in Fargo, ND)

Time Check

Jan 20, 1887 – The Senate approved an agreement to lease Pearl Harbor in HI as a naval base.

Jan 20, 1892 – The first official basketball game was played by students at the Springfield, MA, YMCA Training School.

Jan 20, 1944 – The British RAF dropped 2,300 tons of bombs on Berlin.

 

real time

Iss. 48

January, 20, 2017

Dear Thinkers,

You’re broke. Drowning in debt. You seek help. Reaching out to a financial advisor, you ask him what he can do to help. He tells you he has the perfect fix. He is going to spend your money in order to lift you out of debt. Okay, maybe the financial advisor wasn’t a very good idea. 

Taken aback, you hesitate, sliding your wallet back into your pocket. The financial advisor bolsters his pitch,

“No, No, You don’t understand. Keep your money, we’re going to BORROW the money”.

You’re no fool, you won’t allow yourself to be swooned, but you ARE desperate. You’ve heard about friends who have invested and saved in order to accumulate large sums of money… yet, this man is speaking not of wise investment, not of saving, his strategy is literally “spend your money to relieve your situation. That doesn’t compute. Sounds dicey.

There’s a title for this reckless habit: Retail Therapy. Thanks to better judgement, you stow your wallet and walk away.images-1

That sequence illustrates how any rational human would act when confronted by such a scenario. We call it Common Sense. Unfortunately such judgement is not used when electing officials who assume control of our country’s finances. Your justification? Common Sense. Theirs? Keynesian Economics. 

Now let’s simplify things just a bit and get away from the heavy terminology. Spending is bad.    When you don’t have any money, Spending is idiotic. Enter the legacy of President Barack Obama. When boiled down, what has Barack Obama achieved that no other president has?

Becoming the first black President? No, I think not. That either speaks to his ability to run a successful campaign, or to the people that elected him—merely a byproduct of other factors. But what Barack Obama has done more than any other President (or for that matter, world leader,) is spend money. 

That’s correct! Barack Obama, while railing against the rich, has spent more money than anyone in history. In 2007 and 2008, Obama criticized George W. Bush (rightfully so) for being irresponsible and for running the country’s credit card. I happen to agree with Obama wholeheartedly. Yet, if George W. is irresponsible, wouldn’t someone who spends more, be therefore, less responsible? Not unless your name is Barack Obama, where in that case you leave office a hero. Did I mention he (more than) doubled the Bush spending? images-2

Worse, what does that make us? The fools who were swindled into handing over our wallets. But who cares right? You and I won’t have to deal with it…we just pass it on to our kids as we sit at dinner parties and attack those who want to prevent universal healthcare or free college as immoral. Meanwhile, enslaving the next generation into paying for our privileged lifestyle. The Left will berate you into submission over ‘ruining the environment for our own gain, at the expense of our children—that’s unthinkable’.     Is it not wrong to shackle them monetarily? 

The correct word is indentured servitude. But at least most indentured servants had a choice, or at least made a conscious decision to take on debt, meanwhile living off the benefits of the fast, easy, money. But, there is no such luck for the child who is born today. According to Bloomberg News, “Each newborn’s share of the national debt today is more than double what it was in the 1990s,” (my generation). If only we had an idea of what went wrong since the 90’s????? OH. YES. Frivolous, monetary policy! Bush. Obama. Thanks guys! 

But I needn’t convince you of the problems of the Bush Presidency. Matter of fact, Obama himself reminds us at every chance he gets. Good. We we’re on the same page.  

What I intend to do though, is convince Obama (and the Obama advocate, voter, supporter, cheerleader) that his legacy is plagued with hypocrisy. If Obama ran to stop the policies of Bush and instead expanded them (Spending, Guantanamo, War, Citizen Rights, Patriot Act) then what is his legacy? According to Obama’s very own standards: BLATANT FAILURE. 

gty_presidents_jef_120203_wblogSo challenge your friends. (and yourself) Try to name something that Barack Obama has accomplished that doesn’t involve massive spending. You see, the rich are too rich… But he can take 80 million dollars worth of vacations in 8 years. But as long as you go out and read the complete opposite of your actions on a teleprompter, you’re absolved of your sins (I would venture to guess that much of the rich he so adamantly demonizes haven’t spent nearly as much on vacations in their entire lifetime). Remember they’ve been working. And don’t get me started on the number of golf rounds Obama has played throughout his tenure. I’ll let another familiar face do the honors:

Screen Shot 2017-01-20 at 11.38.50 AM

“I killed Bin Laden,” he boasts, when we now know that it would not have been possible without a doctor in Pakistan who developed a way to bait Bin Laden’s children into getting vaccines. Meanwhile the man sits in prison. Obama, the most powerful man in the world, won’t so much as lift a finger. Legacy. 

“We haven’t had a terrorist attack”, “We haven’t had a scandal?”, “I saved the economy”. Has he?

Unknown-1

Without a google search, I can name a hand-full of terrorist attacks and I can name multiple scandals, but once again my article is getting too long, so I’ll name five : Orlando, Boston, Ft. Hood, San Bernardino. Minnesota Mall. Legacy.

Scandals: to name just a few… IRS Scandal – Weaponizing the IRS in order to audit groups who disagree with the administration. This is the most powerful misuse of Beaureaucracy in the history of our Nation. Reinforcing the Conservative view that we need to thin out the amount of un-elected officials operating as an oppressive wing of the Executive branch. Legacy. images-3

Fast and Furious – Selling guns to drug cartels… need I say more? I guess I could add that the Obama administration was adamantly devoted to taking guns out of law abiding citizen hands all in the name of safety. You would think that violent drug cartels would pose a bit of a larger threat…? Legacy. 

I could go on… Benghazi…lying about why we got attacked right before an election as to keep the “I defeated terrorism narrative”, (but that would require a full column in itself) Legacy. 

imagesFor his sake, I hope he considers these real scandals. I hope he categorizes these as terrorist attacks. Otherwise the alternative is that we accept them as the norm.

The bottom line: Barack Obama’s legacy is that he has left the United States in an extremely vulnerable position. Yes, militarily (by downsizing the military to pre WW2 levels). Yes, judicially (by appointing several justices who believe the Constitution can be re-written in the way that they deem appropriate). Yes, diplomatically (by drawing red lines and failing to enforce them in both the China Sea and in Syria. Also by abandoning Israel and cutting deals with Iran Egypt, Libya, and Russia). Yes, (by funding ISIS and supplying them with weapons that then were used against the west. Then claiming that ISIS is a JV team and poses no threat leaving a vacuum in Iraq). Yes, from a human rights outlook (by green-lighting drone attacks on American citizens). And yes, by degrading the Constitution and state’s rights (this would occupy an entire book to explain the infinite ways that the president has ursurped law with what he calls his “pen and his phone”). But these are not what concerns us for the moment. What has left America vulnerable beyond all else is the financial mishandling of the Obama administration. This is the legacy of the World’s Most extravagant spender. 

UnknownWhether it be the Affordable Care Act, Stimulus Package 1, Stimulus Package 2, signing every budget that falls upon his desk, bombing missions in the Middle East, coups, military aid to foreign nations like Egypt, doubling food stamps and expanding other entitlement programs, Barack Obama has spent like a drunk white girl on Rodeo Drive. What did we get for all of this?    Debt. Piles of Debt. It’s irresponsible, it’s unpatriotic. And if we’re honest, this has become the hallmark of the Obama Legacy: Retail Therapy. But what do I know, I haven’t run a country. If only we could consult someone who had, 

“The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion dollars for the first 42 presidents — number 43 added $4 trillion dollars by his lonesome, so that we now have over $9 trillion dollars of debt that we are going to have to pay back — $30,000 for every man, woman and child. That’s irresponsible. It’s unpatriotic.” – Barack Obama 

 

Keep it Real.

Christian Rogers

The Real Times– a degree in common sense…

~Intellectual Entertainment~

E-mail me at christianrogers@realtimesblog.com

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